Plantation Companies - DBS Research 2016-03-10: Near-term strength
PlantationWILMAR INTERNATIONAL LIMITED F34.SI FIRST RESOURCES LIMITED EB5.SI INDOFOOD AGRI RESOURCES LTD 5JS.SI BUMITAMA AGRI LTD P8Z.SI GOLDEN AGRI-RESOURCES LTD E5H.SI Plantation Companies - Near-term strength
- Malaysian Feb 16 output of 1.043m MT was 7% lower than our forecast of 1.119m MT.
- But 15% m-o-m drop in exports kept end-Feb 16 inventory level of 2.169m MT within expectations.
- Output to recover in Mar 16; but so will exports; endMar 16 Malaysian palm oil stockpile may drop to 2.022m MT.
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